LA_Renter, I tend to lean your way. I believe that cost of funds will go higher in the future so but sure to buy your mc mansion and lock-in your cheap mortgage at the opportune time.
The world is talking of decoupling and if that happens, America will have to pay more for our cost of funds. Right now, the world needs to lend to us cheaply so we can buy their stuff.
From my travels around the world, I’m seeing that foreigners are learning to play the free market pretty well and our competitive advantages are disappearing. In the developing world, ideology is giving way to making money.
Info-tech saved us in the 1990s and I sure hope something else big comes along. Green energy? Bio-tech? What will the next bubble be?
Honestly, I think that we need to change our consuming ways and stop the wasteful wars if we want to leave a strong country to our grand-kids.
